CIPS L4M2

Which of the following are most likely to be considered when developing specifications based on information on the Internet? Select TWO that apply:

CUFL is an umbrella manufacturer in China. Its procurement department often requests cost breakdown from the supplier. After receiving documents and analyzing the detailed costs, they find that all the cost components and the profit look reasonable. What should CUFL procurement manager do next to achieve better price? Select TWO that apply.

The procurement team has been asked to collect and analyse direct and indirect costs of a key item supplier. They have been working with other internal stakeholder and identify what they have known and gaps to be filled. Which of the following activities should be done next?